Finance & Mortgage
'Federal Reserve Cuts Interest Rates by a Quarter Point Following Election, How Could It Affect Mortgage Rates?
'3 Reasons Why Mortgage Rates Are Still Going up After the Fed’s Interest Rate Cut: Report
'Nearly 50% of Home Buyers in the US Use This Simple Strategy To Lower Their Mortgage Rate and Payments
EDITOR'S PICKS
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Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
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Dozens Left Homeless After Apartment Fire Sparks In Durham
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Homebuying 101: 5 Red Flags To Watch Out For
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US Home Prices on the Rise: Here's Where Houses Are the Priciest
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Real Estate: 3 Things To Know Before You Start Investing
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Mortgage rates rose to 6.53% for the 30-year fixed term after the release of the government's monthly jobs report. -
'Home Buying Guide: Here’s How You Can Own a House With No Down Payment
Saving for a down-payment can take years, but there are ways to own a house without putting a down. -
'US Starter Homes Now Cheaper Than It Was a Year Ago as Mortgage Rates Dip: Report
Hopeful buyers now need to earn $76,995 to afford a typical starter home, down from the $77,343 income required in August 2023. -
'TikTok Hack Claims To Help Homeowners Save on Mortgage Payments; Here’s What Experts Say
The hack claims making "one additional monthly payment" would cut the duration of a 30-year mortgage to 17. -
'10 US Cities Where Buyers Earning Under $95,000 Can Comfortably Afford a Home: Report
A new analysis from Redfin found that the income needed to afford a home in the US fell to $115,000 nationally, but this is lower in several cities. -
'10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report
A person's ability to pay off their mortgage depends on where they live. Here are the cities where homeowners can easily pay off their mortgages. -
'Income Needed To Buy a Typical Home in the US Falls to $115K, Marks First Decline Since June 2020
The income needed to buy a median-priced home in the US fell to 1.4% year-over-year in August 2024 after mortgage rates dipped to 6.5%. -
'5 Key Things That Affect Mortgage Interest Rates
The Federal Reserve's actions influence borrowing rates, but there are also other key factors that could affect mortgage interest rates. Here are five. -
'Fed Rate Cuts Will Lower Mortgage Rates but Won’t Fix the US Housing Affordability Crisis: Report
Falling mortgage rates will offer relief to Americans, but it could also lead to an increase in demand, which could lead to higher prices amid the market's housing shortage. -
'Fed Cuts Interest Rates Down to 4.8%; Here’s What It Means for the Housing Market and Mortgages
The central bank's recent cut could bring mortgage rates down for the 30-year term and encourage sellers back into the market. -
'Here’s How Much Your Monthly Mortgage Payments Will Fall After the Fed Cuts Rates
The contract rate for the 30-year and the 15-year fixed terms are expected to fall between 25 basis points to half a percentage point after the Fed cuts its interest rates. -
'Mortgage Rates Fall To Lowest Level Since February 2023, Monthly Payments May Also Decline
The average contract rate for the 30-year term fell to 6.29% this week, which is 0.14 points lower from last week's rate of 6.43%.
